Jodi Allen (Investor Relations)
Tara Tepp (Marketing Communications)
Cytec Announces Price Increase
for Powder Coating Resins in The Americas
Woodland Park, NJ – February 6, 2012 - Cytec Industries Inc.
(NYSE: CYT) today announced to its customers a selling price
increase on all powder coating resins (CRYLCOAT® powder resins,
ADDITOL® powder resins additives, MODAFLOW® additives and resins
and UVECOAT® powder resins) sold in North America and Latin
America. The increase will be between US$0.06/lb - US$0.08/lb
and will be effective for shipments on or after February 15,
2012 or as contracts allow.
Cytec is committed to servicing and delivering value to its
customers, however this price increase is necessary to
compensate for the increase in raw material costs.
Cytec’s vision is to deliver specialty chemicals and
materials technologies beyond our customers’ imagination. Our
focus on innovation, advanced technology and application
expertise enables us to develop, manufacture and sell products
that change the way our customers do business. These pioneering
products perform specific and important functions for our
customers, enabling them to offer innovative solutions to the
industries that they serve. Our products serve a diverse range
of end markets including aerospace composites, structural
adhesives, automotive and industrial coatings, electronics,
inks, mining and plastics.
Back to All Press Releases